Golds Power TSX Higher to Begin Week

Canada's main stock index rose on Monday, with gold stocks leading gains, as investors assessed domestic inflation print.The TSX sprang 148.06 points to open Monday at 31,675.45. The Canadian dollar increased 0.11 cents at 72.64 cents U.S.Among corporate updates, Australia's Fortescue said it would buy the remaining 64% of Alta Copper in a deal valued at $139 million. Alta shares acquired 16 cents, or 12.7%, to $1.38. Chinese metals miner and processor CMOC Group said its unit CMOC Ltd plans to buy Leagold LatAm Holdings B.V. and Luna Gold Corp from Equinox Gold Corp for a combined $1.015 billion. Equinox shares buckled 49 cents, or 2.4%, to $19.74. It’s a busy day on the economic beat, with manufacturing figures down 1.0% for October, driven by lower sales in the chemical, wood product and transportation equipment subsectors.The Consumer Price Index rose 2.2% year over year in November, matching the increase from October. On a seasonally-adjusted monthly basis, the CPI rose 0.2% in November. Housing starts climbed to 254,100 in November, compared to 232,200 in October, according to Canada Mortgage and Housing Corporation.MLS stats for November from the Canadian Real Estate Association showed the number of home sales declined 0.6% on a month-over-month basis in November 2025, still well above April levels but mostly unchanged since July.ON BAYSTREETThe TSX Venture Exchanged moved forward 6.51 points to 961.12. All but three of the 12 TSX subgroups were positive in the first hour, with gold galloping 1.4%, materials, up 1%, and information technology up 0.9%, The three laggards were energy, trailing 0.8%, health-care, down 0.7%, and telecoms, falling 0.2%. ON WALLSTREETStocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic activity.The Dow Jones Industrials gained 31.7 points to begin the week at 48,489.75, The much-broader index inched up 9.4 points to 6,836.81.The NASDAQ edged 0.06 points to 23,195.23. Nvidia shares rose climbed more than 1%. Names outside of tech were also higher. For instance, bank stocks such as Goldman Sachs and Morgan Stanley advanced around 1% each.Those moves come after the S&P 500 and NASDAQ fell last week, as Oracle and Broadcom led a rotation away from artificial intelligence. The S&P 500 lost 0.6% last week, while the NASDAQ shed 1.7%. The Dow, which is less exposed to tech and AI than the other two benchmarks, rose 1.1%.Oracle plunged 12.7% for the week, while Broadcom shed more than 7%. The S&P 500 tech sector dropped 2.3%.Prices for the 10-year Treasury moved slightly lower, raising yields to 4.16% from Friday’s 4.15%. Treasury prices and yields move in opposite directions. Oil prices slumped 40 cents to $57.04. Gold prices brightened $34.80 to $4,363.10.